Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/79387
Authors: 
Nesheim, Lars
Year of Publication: 
2006
Series/Report no.: 
cemmap working paper, Centre for Microdata Methods and Practice CWP18/06
Abstract: 
A hedonic price function describes the equilibrium relationship between characteristics of a product and its price. They are used to predict prices of new goods, to adjust for quality change in price indexes, and to measure consumer and producer valuations of differentiated products. They emerge as market outcomes from both competitive and non-competitive markets. The functional form is determined by the distribution of buyers and their preferences, the distribution of sellers and their costs, and the structure of competition in the market.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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